The Latest Breaking News on Financial Services

City Comment: If some banks can’t compete with the Government, let them merge with those who can, or be repossessed

STF cracks massive racket involved in opening 'mule bank accounts' to help cyber/financial fraudsters. Arrests 3 in tri-junction region of Odisha, Jharkhand & West Bengal. Gang offered ₹2K/account to villagers & sold 5000 mule accounts at ₹15-20K. Shield identity of fraudsters & difficult for investigators to reach actual criminal.

The U.S. banking industry has been facing several headwinds, including slowing loan growth, stricter capital requirements, rising deposit costs and credit rating downgrades. Amid the uncertainty surrounding the U.S. banking industry’s prospects, it could be wise to look beyond borders and buy fundamentally strong foreign banking stocks Barclays (BCS), Agricultural…

City Voices: History has shown that banks cannot be trusted to regulate themselves

Customers who trusted the crooked bank to do the right thing are still out up to $312,000 each, as the latest story in the Sun-Times investigative series shows.

Morgan Stanley (MS) will be the latest big bank to release its third-quarter earnings this week. Read more to know how investors should position themselves ahead of its earnings release….

Big gains in net interest income powered solid third quarter earnings for Bank of America, but investors are likely to focus on unrealized losses in its bond portfolio and Treasury yields continue to rise.

Citibank analyst dismissed after claiming for two sandwiches, two coffees and two pasta dishes on work trip to Amsterdam

Bank of America (BAC) is scheduled to release its third-quarter results on October 17. While the bank is expected to report higher earnings year-over-year, its unrealized bond losses are expected to widen further. So, is the stock a buy or sell? Keep reading….